Medient Studios Inc. (fka MDNT)

[FreightShaker]

I have to admit I'm a bit nervous about the share increase. Any thoughts ??


MDNT_
They filed a Schedule 14 form on Monday and it informs us that the number of issued and outstanding shares as of January 6 was hovering around 140 million. This means that nearly 100 million new shares saw the light of day in a matter of just forty-eight days. No explanation is given for the massive issuance, but the filing also tells us that MDNT plan to increase the authorized capital from 500 million to 5 billion shares which could suggest that some more stock is about to be printed in the near (or not so near) future.

This could cause some severe dilution and the effects could only be lessened by solid results from the coming quarters. Hopefully, Mr. Kumaran and the rest of MDNT's management team will be able to achieve them.